How To Make Money With Amazon FBA?

There’s too much junk online today about “How to make money on Amazon FBA.” There’s so much information that if your start consuming it all then most people get lost and never start their successful online business. What I’ve learnt that the less you listen to people then more you succeed in life. Exactly the same goes when building your first Amazon FBA business. You need to listen to the right people at the right time.

I’ll give you a short overview what you have to consider if you are thinking about starting your own successful Amazon FBA business. I’m not going to give you a list of 20 things you have to do. I’ll give you few and the rest your going to figure out yourself. The secret is in the “Figure out yourself” because a person with a need and desire is more likely to succeed than a person who has everything on the plate.

Don’t worry I’ll give you just enough so you can get over the biggest roadblocks when starting your business. Don’t overthink or analyse. Just follow the map like on good old days all the world great conquers did. You can use that information also in 5 years. Even if the rules of the game changes.

How to succeed on Amazon?

Like I said I’ll give you a short brief roadmap about how to succeed on Amazon. Make sure you’ll follow it. I’ll cover only the most important parts of it. You have to do the rest. If you have any questions or comments then feel free to comment here on hit me up on Twitter, Facebook or Instagram.

What products to sell on Amazon?

The most important factor what’s going to decide if your Amazon FBA business is going to succeed or fail is the product you’re going to sell. Look for products what don’t have too much competition. You have to find products what don’t have too many reviews and are selling OK. For that I recommend using a tool called Jungle Scout.

Get the lite or pro version of google chrome extension. Go to products and click – The Chrome Extension.

Get the product research tool here: www.junglescout.com

How to use Jungle Scout tool?

Install the google chrome extension and start scrolling through products on Amazon. Don’t look only the first search page. Look other pages too. If you start out then you’re probably not going to rank on the first page with your products but you can definitely rank on the third or second page. You need to make sure that these pages are getting sales too.

Another thing to keep in mind is to look for products what can rank for different keywords. For example iPhone 7 case is a bad product to sell because there is too much competition and it only ranks for iPhone 7 case.

A good example would be a fruit peeler because people can also find that product by using different keywords like apple peeler, potato peeler, carrot peeler, cucumber peeler etc. I didn’t check sales or any other data for that product. I just used it for example.

Third thing to keep in mind is too find creative ways to add a second product to the set. For example for the peeler look for another products to make the set more attractive. You could use whatever in the kitchen category. Just make sure the product is:

  • light
  • not very expensive
  • don’t have much competition.

For example vegetable chopper. One thing is that now people see that they get 2in1 and are ready to pay more money for the whole set. Secondly you also get a lot of new keywords for what you can rank now. For example vegetable chopper, onion chopper, egg chopper, vegetable slicer etc.

Last things to find out before heading to the next section is to find out about the competition. Scroll down to 5th, 10th or even further page on Amazon search to find out if there are still products with many reviews. For example – iPhone 7 case. You can find products with 100 reviews even on the 20th page. That tells you that there is too much competition and move on.

With some products you can see that even on the second page you can find products what are totally different from what you were looking for. That means that there’s not too much competition and you can easily rank on second page.

You should have at least five good product ideas before heading to Alibaba to find a supplier. Why five? Because then you have more chance to succeed. If you have only one idea and if it doesn’t work then you can easily get unmotivated. If you have five ideas and one doesn’t work then you still have four product ideas left and have more chance to succeed selling on Amazon.

Research on Alibaba

You can look for suppliers also in USA, Europe or where ever you want, but when starting out I recommend using Alibaba. Just enter your main keyword in the search terms and click search.

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Make sure you check these sections

 

Always use only Gold Suppliers and suppliers who offer Trade Assurance. Also write min order requirement as 100 units.

If you have found suppliers and got quotes for your products then head to Amazon FBA Fee Calculator and make sure you are making money after all the costs if you order that product. Don’t forget to ask for shipping cost to USA and add that do your final product price. Many people who start out forget to do that.

How to order samples from Alibaba

Now you should have at least 5 products what you could start selling and also have 5 suppliers with who you’re going to work with. Most of the suppliers offer free samples. You just have to cover the shipping. Place your order via Alibaba and you’ll get your samples in few days with FedEx or DHL.

Once you have received your samples and confirmed the quality then it’s time to place the final MOQ order on Alibaba for five products what you’ve picked.

Conclusion

My recommendation is always to do a research and pick at least five products what you’re thinking about selling on Amazon. Because you might end up selling only two because for some products there might not be enough profit or you might not meet the MOQ etc. If you have your mindset setup like that then you are more likely to succeed.

Also if you have only few thousand dollars or even less capital to start out then search for products what you can get for cheap price. You can scale your business later when you have more capital.

Feel free to post comments, ask questions if you have any. Hit me up on Twitter, Facebook or Instagram. I’ll get back to you asap.

 

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Why You Should Write Down Your Goals For 2018

When you were born you were given a name. And that name was written down on a piece of paper. Before that multiple names were written on pieces of paper and from that your name was chosen so it’s final.

“Setting goals is the first step in turning the invisible into the visible.”

Things get written down when people are serious about them. The most serious one is your name what was written down when you were born. And it has been written down many times during your life. On your driving licence, passport, student card etc. They do that because that’s how it’s going to be. It’s final! It has been decided.

When you were in school you had to write down all kind of stuff. Stuff you didn’t like and the stuff you liked. After that you knew what things you didn’t like and what things you did like. That’s the reason why you needed to do it. You were in the process of creating yourself. Teachers didn’t say “Go home and think about what we did today and remember everything”. Students had to write it down. So they will remember it.

Now when 2018 is coming closer. You need to start paying attention to your life and write down your goals. You need to take a moment and grab a piece of paper and write everything down.

I’ve done it for years and there have been years when I haven’t hit my goals but in the long run I am overachieving them all. I am accomplishing more and doing more than I imagined 10 years ago. Remember, just keep writing these goals down and you will get there.

Do it now!

 

How To Keep On Going When You Don’t Know What To Do In Life?

I always think if I should write more on my blog or not. I wanted to publish this post a while ago but I thought it wasn’t good enough. Today I decided to publish it no matter what because I believe it helps some people out there. You are always good enough!

When I was younger I didn’t know what to do with my life but I knew how I wanted to live. Now I am again in the same situation. Just turned 30. I know exactly how I want to live in five or ten years but I don’t know how exactly I am going to achieve it. I’ve discovered something during my 30 years on this planet.

The secret is…

You don’t have to know how exactly you are going to do it, just act towards it and you’ll achieve all the great things you want in life.

I bet many people are reading this and thinking I don’t understand what this guy is talking about, but I know there are some people out there who just need that extra push and belief that it will happen in their lives. And this post is for these people.

When I was younger I always dreamed of living a free life.

What a free life means to me?

It means being able to live where you want, with who you want and doing what you want. Ten years ago it seemed so far away and unreachable but now it’s here. How it happened? I’ll give you a short list:

  • Massive belief in yourself;
  • Ignore the wrong people in your life;
  • Learn from your mistakes;
  • Treat others like you want yourself to be treated;
  • Get around the right people. You only need few with who you can share your ideas;
  • After five years and no success keep believing in yourself! You were not put on this earth to fail. You were put here to succeed! And yes it’s probably taking you five years to get the life you want. It’s not going to happen overnight.

The most important part is to keep on climbing over the obstacles and struggles – getting over the stress, grinding your teeth, years without money, sometimes even hunger… Trust me I know that. Just keep on going and don’t be stupid. Don’t be lonely – share, discuss and talk with other people who do you look up to and want to collaborate.

One last thing what I heard a while ago what really captured me “Your faint can move mountains”

Best of luck with everything!

How To Become a Digital Nomad And Travel The World?

Usually when I write on my blog I write simple short posts what actually help people. I don’t want to make things too complicated. I follow the same rules with this one.

First time when I heard a word “digital nomad” was when me and my girlfriend went to Thailand, Chiang Mai because they supposed to have good food there. And yes they do have amazing food. You should definitely check that place out.

When I got there I found out very quickly that Chiang Mai is one of the digital nomad hotspots in the world because the cost of living is really good. But that’s not what I wanted to write about. I wanted to write about “How To Become A Digital Nomad And Travel The World?” 

How To Become A Digital Nomad?

People usually overthink when it comes to accomplishing their dreams and goals. I am going to break it down to simple steps what you can start today.

The number one thing what you need to do to become location independent is to get your money right. There are many ways you can do it. You can start a business, be a freelancer or get a job where you can work remotely. But before that you need to overcome your fears and get your mindset right. There’s no way you’ll make it if you are still following your old habits and actions what got you stuck in the point where you are today.

In order to get your money right I’d recommend you to learn some new things. You can learn how to be a social media manager, designer, copywriter, online seller or anything else. For that I recommend using a website called udemy.com. There’s just so many options what you can do nowadays to live location independent. These were just few examples. The sad thing is that non of these were taught in school but that’s not what this post is about either.

If you start learning new things to become digital nomad then you need to understand that probably you are not going to succeed right away and you are not going to be location independent in few months. But you need to keep on learning and testing new things to get your feet of the ground.

I am not going to say that I prefer doing one thing to another when it comes to being location independent because I haven’t done all these things myself. The thing what got me free was e-commerce – selling on Amazon FBA. I have wrote few posts about it and laid out simple instructions how you can get started. Check out this one here: How To Make Money With Amazon FBA.

Gift Present Celebrate Party Wrapped Simple Concept

Why I Prefer Starting My Own Business?

When you want to be location independent then the last thing what you want to happen is to lose a job or a client when you are on an island somewhere in the middle of nowhere and you need money like oxygen. You need to have control over your income and the best way to have it is having your own business.

This was a short overview “How To Become A Digital Nomad And Travel The World”. I really hope it helps someone to get started and get your feet of the ground. If you have any questions or comments then post them below.

Good luck!

 

 

The Best Thing To See

I’ve been thinking about one thing recently and wanted to share it…

The best thing ever to see is to see someone rise above the noise from the bottom. To see a person who had nothing, started building with nothing and broke through because he stayed true to himself. There’s not so many people around like that nowadays. They’re really hard to find.

For example people who do music, painters, sports, actors, entrepreneurs etc. They didn’t stop or give up on their dreams and goals because they stayed true to theirselves. They kept on going even when things got really hard! Think about your friends and family!? Are they like that? I bet most of them are not! Most of the people run around without having any idea what they are doing. If someone offers them 1000$-2000$ a month then that’s already enough for them to give up on their dreams and goals… That’s just sad. It’s so damn hard to accomplish all the things you want in life.

Most people give up because they can’t see themselves pushing another 5, 10 or even 20 years to accomplish their dreams and goals. But the thing is that these years are passing anyway.

I once heard a saying “The best time to plant a tree was 20 years ago and the second best time is today”.

Remember that and start today!

If you see someone who’s pushing to break through then give him a hand.

My Two Mistakes With My First E-commerce Business

Starting a business is difficult and keeping it running is even more difficult. Put once you have started a business and are trying to keep it running then it feels like you can start any business. The key is to find a profitable way to keep it running. That’s were most people fail. And thats were I have failed to.

What Are My Biggest Mistakes With My First E-Commerce Business?

I did many mistakes when I started out. But as I always like to say “It’s my first time living and if you do something for the first time then it’s obvious that you’re going to do mistakes.” When I started out I didn’t know anything about entrepreneurship and didn’t have any friends who were successful entrepreneurs. I was on my own with my dream to make millions of dollars.

No enough capital!

When I started out I had about 2000€. That was all the money I had. I earned it the hard way working in the farm in Australia. I decided to go all in with most of the money and bought inventory for it. My plan was or at least I thought that I make enough money first month and I can pay myself next month to cover my every day needs like food, rent etc.

Like Mike Tyson says “Everybody has a plan until they get punched in the face”.

That’s what happened to me. After a month I had no money to cover my everyday needs and I had to take money out of the business. I took the pennies what I earned with the first sales. That wasn’t even enough to cover my everyday needs. And that was the point where my debt started growing like a snowball rolling down the hill.

Lesson learnt – Always plan ahead for at least 6 months so you don’t have to take money out of your business and you can use that money to grow your business.

Don’t start alone, have a co-founder!

If you start out then you have no money and probably no team either. At least it was for me like that. It’s better if you don’t start alone and have a co-founder. Then you can share ideas and thoughts with someone else. If you are alone then you are doing everything. But the truth is that you don’t know everything and that’s the reason you’re going to make a lot of mistakes and these mistakes are costing you a lot of money. I tried to build a team but I had no revenue and no money to pay anyone else and it looked like other people didn’t want to suffer with me “being an entrepreneur”. I just couldn’t find a person who would have been ready to work with me side by side without getting paid. Even if I offered them equity they said no.

I am not trying to find excuses why I didn’t succeed but that was just the way things were with my first business. If I’d had the knowledge what I have right now then the outcome would be totally different. Like I said before “It’s my first time living and if you do something for the first time then it’s obvious that you’re going to do mistakes.”

Lesson learnt – Always have a co-founder if you start out to build business. It’s a lot easier and you don’t have to carry all the stress by yourself. 

That was my first business and my biggest mistakes. Sometimes I think about it and wonder. If I wouldn’t have made all these mistakes and ended up in debt then maybe I wouldn’t be where I am today. When you make bad decisions then it takes time to recover and when you’re building a business then time is your biggest friend. But it’s extremely hard to understand it when you are in a bad situation. That quote doesn’t help you much. You just need to survive and get through it.

Now few years later I can run my business from my laptop and live where ever I want. It’s amazing how things can change if you are ready to change.

 

 

How Much Money Can You Make With Amazon FBA?

Amazon is the biggest online marketplace what has ever existed and probably will stay so for a while. Never in the human history have regular people had the opportunity to benefit from something like that. Imagine if you’d get your product on the shelves of Walmart, Tesco or Target. What would happen to your business? It’s crazy…

Amazon’s revenue in 2016 was 136 billion dollars. Just take a look at the graph below and you’ll see where this business model is going. Screen Shot 2017-06-15 at 22.47.46.png

Today you have an opportunity to be part of that. And you can start everything sitting on your comfortable couch at home while having a cup of coffee.

Some facts about Amazon:

  • Amazon was founded on July 5th, 1994 by Jeff Bezos;
  • Today Jeff Bezos is one of the richest people alive with estimated net worth of  83 billion USD;
  • On Amazon Prime day on 2016 Amazon sold 636 items per second across the world;
  • Currently Amazon sells in Mexico, USA, India, England, Germany, Spain, Italy, Japan, China, Denmark and Canada;
  • Amazon has 109 fulfillment centres and is growing every year;
  • Amazon has buying customers in 180 countries;
  • More than 30 listing categories globally;
  • Amazon owns 10% of North American E-Commerce. Office Depot, Stapes, Apple, Dell, Walmart, Sears, and Liberty all own another 10 percent of the market, the same size as Amazon. That leaves 1,000+ retailers to all fight for the remaining 80 percent.

Now you should get the point that I am talking about a serious business here.

So how much money can I make with Amazon?

On the previous post I talked about “How To Make Money With Amazon” if you haven’t already read that then make sure to do it.

I talked about the tool called Jungle Scout. It’s a must-have tool to grow your Amazon business. It’s a tool what you can use to research products on Amazon and see the estimated sales per month. So if you use that you can see exactly how much are the products selling per month what you are considering to sell. If you use that then you know how much money can you possibly make.

If you haven’t already got yourself that tool then get it here. Get the google chrome extensions. If you start out then lite version is OK for the start.

JS-Full-Logo-HIGH-RES.png

Get the lite or pro version of google chrome extension. Go to products and click – The Chrome Extension.

I’ll bring some examples:

Screen Shot 2017-06-19 at 21.02.20.png

It’s a kitchen knives set. I took this screenshot with Jungle Scout. It’s the first search page on Amazon. Some products are selling even 300k a month with a singe item. That might mean around 100k net profit per month for a single product. Most of the sellers have more than one product on Amazon.

I’ll bring another example:

Screen Shot 2017-06-19 at 21.07.17.png

It’s a kitchen pots and pans set. You can see again that some sellers are really killing it and there’s plenty of sellers who are selling over 10k a month.

Conclusion

When it comes to selling on Amazon and how much money can you make with Amazon then sky is the limit. The examples what I showed here are not typical and are the results of hard work and dedication. You can easily make an extra $1000-$5000 a month in categories where is less competition and still have room for new sellers. If you haven’t already read the article where I talk about “How to make money with Amazon FBA” then click here. There I talk in more details on how to find the right products what to sell on Amazon and how to get started in generally.

Don’t forget to get the Jungle Scout google chrome extension to find the right products what to sell on Amazon.

All the best in building your business and let me know if you have any questions.

Listen… This Year You’ll Turn 30

Listen to me better than you have ever done before in your life. You need to do this because it’s important. I am talking about your life! You need to get yourself together. I know you’ve had some victories along the way and maybe you can feel you have accomplished something but be real. You have accomplished nothing. Nothing! That’s where you are. If you really want to do big things then get yourself together and stop playing small. You only have one chance in this life. It’s not computer game where you get more lives. You only have one. So don’t fuck up!

Treat yourself well and accomplish big things so you can enjoy the life you have with your loved ones.

That’s what I said to myself today!

How To Live Unlimited Life?

Unlimited life… what an interesting saying. What does it mean? I guess it has a different meaning for everyone. For me me it means living in a world where you can do whatever you want, wherever you want and with whoever you want. That’s what I call unlimited life.

To live a life like that then first you need to have an unlimited mind. You need to be open and closed at the same time. Forget the rubbish what’s on TV, radio and what they taught you in school. You’ll live life on your own terms! Take advice only from people who are living an unlimited life. Most of the times it even means not taking advice from your friends. You need to trust yourself.

What you need to do with your life?

You need to give full control of your life to yourself! It sounds so ridiculous that it’s even weird to write it. So what it means? It means living life on your own terms. Creating a business, selling door to door, moving overseas or whatever you want to do. I means that you’ll do whatever it takes to live an unlimited life. Yes… you’ll probably end up in debt, frustrated and thinking that your going to lose your mind.

What not to do?

Don’t have a plan where you work until the rest of your life for someone else! Don’t get me wrong… There’s nothing wrong with working for someone else to pay the bills and work on your side project at the same time. My advice… Don’t get a job and end up in debt. When your in a situation like that then you need to be creative and think differently than what the society has taught you. You’ll learn things what you can only learn when you are in that situation.

“You’ll never know how strong you are until being strong is the only choice you have.”

The secret is…

Once you get to the point when you have your first wins then you realize that you were living unlimited life all the time. Yes, you didn’t have much money, car or whatever you thought you wanted but you were doing things you really desired and wanted to do. It’s all about the process. Once you trust the process your whole life is going to change.

I’d like to know your thoughts about that. Let me know in the comments.

 

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